FIRST AMENDMENT TO CREDIT AND SECURITY AGREEMENT, DATED AS OF OCTOBER 8, 2026, BY AND AMONG SARATOGA INVESTMENT FUNDING II, LLC, AS BORROWER, SARATOGA INVESTMENT CORP
SARATOGA INVESTMENT CORP.
FIRST AMENDMENT TO
CREDIT AND SECURITY AGREEMENT
This **FIRST AMENDMENT TO CREDIT AND SECURITY AGREEMENT **(this “Amendment”), dated as of October 8, 2026, is entered into by and among SARATOGA INVESTMENT FUNDING II LLC, a Delaware limited liability company, as borrower (the “Borrower”), SARATOGA INVESTMENT CORP., a Maryland corporation, as collateral manager (in such capacity, the “Collateral Manager”) and as equityholder (in such capacity, the “Equityholder”), the LENDERS party hereto, VALLEY NATIONAL BANK, as administrative agent for the Secured Parties (in such capacity, the “Administrative Agent”), and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as collateral administrator (in such capacity, the “Collateral Administrator”) and as collateral agent for the Secured Parties (in such capacity, the “Collateral Agent”).
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